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Cloud platform for tracking and managing student health more than doubles its institutional funding
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CareDox, provider of a cloud platform for tracking and managing student health, announced today that it has closed $2.8 million in seed funding led by TEXO Ventures and Prolog Ventures in addition to a $1.5 million venture debt agreement with Western Technology Investment.
The new $4.3 million in funding brings total capital raised for the company to $6.9 million.
Core to Caredox is its cloud platform, which helps schools and school nurses track and manage student health, from enrollment to medication information to immunization status. Since it’s cloud-based, the platform makes it easy to connect other relevant parties (e.g. parents) so they can get important health-related reminders or alerts.
Individuals in charge of overseeing the school’s overall health, like nurses, can see analytics related to the data on file and sync with third-party systems.
A free platform for K-12 public schools, CareDox currently serves over a million students across 28 states. Today, the company says 50 public school districts in the U.S. use its platform, including Baltimore City Public Schools and Chicago Public Schools.
"As a nation, we need to recognize the crucial role that public schools play in both medical care and prevention for the pediatric health of over 50 million children,” said CareDox founder and CEO Hesky Kutscher in a prepared statement. “CareDox’s digital health platform facilitates unprecedented speed and efficiency for school districts, giving key stakeholders—such as parents, local and state health officials—a real-time solution that fits their needs.”
While the platform is free for schools and students, CareDox makes money from entities working in pediatric medicine, including physicians, life science researchers, associations, and healthcare organizations. For example, researchers studying specific topics around childhood health, like asthma or obesity, may work with CareDox to track trends in those areas.
As another example, integration partners like vaccine registries or electronics health records (EHR) platforms work with CareDox to request health information through its secure API. Integration partners include Healthy Schools of Florida, eSchoolPlus, and PowerSchool.
Other clients of CareDox include the New York City Department of Health and Mental Hygiene (DOHMH) and the Harvard School of Public Health.
With EHR gradually growing in popularity, CareDox isn’t the only company out there providing a health platform for students, though it is definitely one of the most prominent. Another provider is called CareFlow, which appears to be operating pretty quietly these days. Looking more generally, Practice Fusion is a big name in EHR for doctors and patients, though it doesn’t focus specifically on students.
CareDox will use its new funding to expand hiring for sales and engineering positions at its New York City headquarters.
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Practice Fusion provides a free, web-based EMR system to physicians. With medical charting, scheduling, e-prescribing (eRx), lab integrations, referral letters, Meaningful Use certification, unlimited support and a Personal Health Record for patients, Practice Fusion's EMR the complex needs of today's healthcare providers and disrupts the health IT status quo. Practice Fusion is the fastest growing Electronic Medical Record community in the country with more than 150,000 users serving 40 million patients. The company closed a $23 million Series B round of financing led by Founders Fund in 2011. For more information about Practice Fusion, please visit www.practicefusion.com